Northern Trust Corp Has $62.02 Million Stake in Littelfuse, Inc. (LFUS)
Northern Trust Corp grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 375,877 shares of the technology company’s stock after purchasing an additional 10,647 shares during the period. Northern Trust Corp owned approximately 1.65% of Littelfuse worth $62,020,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in LFUS. Bank of Montreal Can grew its stake in shares of Littelfuse by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after purchasing an additional 85 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Littelfuse by 16.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after purchasing an additional 95 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Littelfuse by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after purchasing an additional 72 shares during the period. Summit Securities Group LLC bought a new stake in shares of Littelfuse in the 2nd quarter valued at approximately $215,000. Finally, World Asset Management Inc grew its stake in shares of Littelfuse by 2.4% in the 1st quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after purchasing an additional 32 shares during the period. Institutional investors own 95.57% of the company’s stock.
Littelfuse, Inc. (LFUS) opened at 197.72 on Thursday. The stock has a 50 day moving average price of $185.69 and a 200 day moving average price of $170.77. The firm has a market capitalization of $4.49 billion, a P/E ratio of 31.12 and a beta of 0.95. Littelfuse, Inc. has a one year low of $124.32 and a one year high of $199.26.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.10. The business had revenue of $313.36 million for the quarter, compared to analysts’ expectations of $312.97 million. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. On average, equities analysts predict that Littelfuse, Inc. will post $7.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.75%. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Tuesday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is 23.34%.
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LFUS has been the topic of several analyst reports. BidaskClub lowered Littelfuse from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Oppenheimer Holdings, Inc. boosted their target price on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Robert W. Baird reissued a “positive” rating and issued a $195.00 target price (up from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $175.00 target price (up from $165.00) on shares of Littelfuse in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $193.40.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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